Major South African gold miner gives R4 billion ‘gift’ to shareholders
Gold Fields has declared a special dividend of $253 million (around R4 billion at current exchange rates) for the financial year ended 2025.
Gold Fields CEO Mike Fraser said that improved operational performance, coupled with a higher gold price, led to strong financial performance in 2025.
The group, which has a market cap of around R750 billion, generated adjusted free cash flow of $2,970 million (R47 billion) in 2025, up from $605 million (R9.7 billion) in 2024.
Its headline earnings for the period rose to $2,576 million (R41 billion) from $1,188 million (R19 billion) in 2024.
The group’s profit attributable to the owners of the parent ended the year at $3,567.4 million (R57 billion) from $1,245.0 million (R20 billion) in 2024.
In line with its new dividend policy, the group also declared a final dividend of R18.50 per share, which is 164% higher than the final dividend paid last year.
Gold Fields noted that when combined with the interim dividend of R7 per share, the total dividend is R25.50 per share, equating to 35% of free cash before discretionary investments.
On top of the regular dividend, Gold Fields announced an extra $353 million in additional returns for shareholders.
This includes a $253 million (R4 billion) special dividend and $100 million (R1.6 billion) in share buy-backs.
On top of the base dividend, the total distribution to shareholders sits at $1.7 billion (R27 billion), which equates to 54% of adjusted free cash flow.
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